CBX Daily 8/27/2024

Author

Kori Hale
August 27, 2024

Today Victoria's Secret shines with Fenty's fresh insight, but let’s start with how Howard hoops dreams are soaring with $100 million in sight…

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Howard University Basketball Eyes $100 Million Investment Opportunity

CBX Vibe

Historic HBCU institution, Howard University, is eyeing a $100 million investment that could revolutionize its men's basketball program and set a new standard for college sports. This bold move comes at a time when the landscape of collegiate athletics is shifting, with revenue sharing and equity taking center stage.

Victoria’s Secret Gets A New Sparkle With Savage & Fenty Leadership Revamp

CBX Vibe:

Victoria’s Secret (VSCO +1.67%) garnered attention recently due to a major development. The stock price experienced a significant surge of 14% following the announcement of Hillary Super, the former CEO of Savage X Fenty, as the new leader. This transition in leadership marks a pivotal moment for Victoria’s Secret as it endeavors to navigate the evolving global lingerie market landscape while addressing recent challenges of low sales and dismal performance.

Newest Heavyweights In The Stock Market Are Black Investors

CBX Vibe:

Historical and systemic barriers might contribute to differences in access to traditional financial resources but blacks are changing this narrative by using the available resources for their development. A recent study found that over 50% of black investors showed a higher inclination to utilize social media groups or message boards for obtaining investment information, whereas only 25% of white investors exhibited a similar preference. These tools make researching, critically assessing, and buying shares easier. 

Is Remote Work Enhancing Diversity Recruiting?

CBX Vibe:

In the contemporary business world, diversity and inclusion have become more than just buzzwords. They are essential elements that contribute to the growth and success of an organization, as a recent Harvard study found that 6 of 10 jobs at large firms can be done remotely. With the advent of remote work, companies have a unique opportunity to enhance their diversity recruitment strategies. 

Fintechs Are Modernizing Banks & Bridging The Financial Inclusion Gap

CBX Vibe:

The fintech trajectory has redefined the financial services landscape, forcing traditional banks to rethink their strategies. Once considered outdated relics in a digital age, these banks are now turning to fintech solutions to remain relevant and competitive. With 73% of the world's banking interactions occurring through digital channels, it’s clear that adapting to this shift is not optional but essential.

Vibes of the Week

Howard hoops are "Ridin" high with a possible $100 million investment according to Jessie Reyez and Lil Wayne. Get into it in our CBX Vibes!